Discover an outstanding investment opportunity in the heart of Lake Wales! This 7 unit multifamily property offers strong rental income, solid occupancy, and multiple recent upgrades that make it a turnkey addition to your portfolio.
The property features five 2 bed/1 bath units and two 1 bed/1 bath units, providing a versatile mix ideal for long term tenants. Several major improvements have already been completed, including new roofs and some newer A/C systems, giving peace of mind and reducing upcoming maintenance costs.
One of the standout benefits of this property is the large onsite storage area, offering excellent potential for expansion or value add opportunities. Whether youre looking to increase income with additional storage rentals or reconfigure the space for future improvements, the options are there.
Located close to schools, shopping, dining, and major roadways, tenants enjoy convenience and strong accessibilityhelping keep occupancy consistently high.
Investor Highlights:
7 rental units (5 2/1 + 2 1/1)
New roofs & some newer A/C units
Strong existing cash flow
High occupancy history
Expansion potential for storage area
Centrally located with steady rental demand
This is the kind of multifamily property that rarely hits the marketstable, improved, and packed with upside. Dont miss your chance to secure a high performing asset in one of Central Floridas growing markets!
Discover an outstanding investment opportunity in the heart of Lake Wales! This 7 unit multifamily property offers strong rental income, solid occupancy, and multiple recent upgrades that make it a turnkey addition to your portfolio.
The property features five 2 bed/1 bath units and two 1 bed/1 bath units, providing a versatile mix ideal for long term tenants. Several major improvements have already been completed, including new roofs and some newer A/C systems, giving peace of mind and reducing upcoming maintenance costs.
One of the standout benefits of this property is the large onsite storage area, offering excellent potential for expansion or value add opportunities. Whether youre looking to increase income with additional storage rentals or reconfigure the space for future improvements, the options are there.
Located close to schools, shopping, dining, and major roadways, tenants enjoy convenience and strong accessibilityhelping keep occupancy consistently high.
Investor Highlights:
7 rental units (5 2/1 + 2 1/1)
New roofs & some newer A/C units
Strong existing cash flow
High occupancy history
Expansion potential for storage area
Centrally located with steady rental demand
This is the kind of multifamily property that rarely hits the marketstable, improved, and packed with upside. Dont miss your chance to secure a high performing asset in one of Central Floridas growing markets!
Features
Building and Construction
Covered Spaces: 0.00
Exterior Features: None, Storage
Living Area: 4466.00
Roof: Membrane, Shingle
Garage and Parking
Garage Spaces: 0.00
Open Parking Spaces: 0.00
Eco-Communities
Water Source: Public
Utilities
Carport Spaces: 1.00
Cooling: Central Air
Heating: Electric
Sewer: Public Sewer
Utilities: Cable Connected, Electricity Connected, Phone Available
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